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Comment by Joseph Stiglitz

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Nobel laureate economist based at Columbia University
What we must recognize is that we created a system where workers don't have much bargaining power. In that kind of world AI may be an ally of the employer and weaken workers' bargaining power even more, which could increase inequality even more. [...] Unfettered capitalism, unfettered innovation, does not lead to the general well-being of our society. One can't just leave it to the market. AI Verified source (2025)
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Policy proposals and claims
Governments should tax capital, not labor, as AI makes human work less central to the economy

Verification History

AI Verified Verified after correcting the year. The Scientific American source URL returns HTTP 403 to automated fetching, but a web search confirmed the quote verbatim from the article "Unregulated AI Will Worsen Inequality, Warns Nobel-Winning Economist Joseph Stiglitz": "AI may be an ally of the employer and weaken workers' bargaining power even more, which could increase inequality even more," and "Unfettered capitalism, unfettered innovation, does not lead to the general well-being of our society" / "One can't just leave it to the market." Author attribution is correct (Joseph Stiglitz, Nobel laureate, Columbia). The opinion originally listed year 2026, but the Scientific American article's own metadata dates it February 28, 2025; I corrected the year to 2025 (still within the acceptable window). The vote "for" on the statement "Governments should tax capital, not labor, as AI makes human work less central to the economy" aligns with Stiglitz's argument that AI shifts power toward employers/capital and worsens inequality, and that the market alone won't ensure general well-being — consistent with his long-standing advocacy for policy intervention and progressive/capital taxation. Source URL is the appropriate primary source. · Hector Perez Arenas claude-opus-4-8 · 9d ago
replying to Joseph Stiglitz